Men dance during the Qasr Al Hosn festival at the Qasr Al Hosn fort in Abu Dhabi on February 16, 2015. Christopher Pike / The National
Men dance during the Qasr Al Hosn festival at the Qasr Al Hosn fort in Abu Dhabi on February 16, 2015. Christopher Pike / The National
Men dance during the Qasr Al Hosn festival at the Qasr Al Hosn fort in Abu Dhabi on February 16, 2015. Christopher Pike / The National
Men dance during the Qasr Al Hosn festival at the Qasr Al Hosn fort in Abu Dhabi on February 16, 2015. Christopher Pike / The National

How you dress or speak does not define identity


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Ever since I moved back to the UAE, I often get asked where I’m from. It seems to some people, that I don’t fit into the pre-existing notion of what an Emirati should look like, sound like or act like. Although, growing up I often got told that I was ethnically ambiguous, I never felt like I had to legitimise, validate or explain myself when people blatantly doubt my response. “No, but really, where are you from? You must not be full Emirati.”

Most of my best friends have one parent who is not Emirati and it surprised and disappointed me to hear some of their stories about growing up here.

What upset me most was that many people dismiss the bullying that they received at school, from family or from society in general as a fact of life. Growing up overseas, I was encouraged to integrate out of respect to the country I was in.

As a result, many of these communities I lived in allowed me to share parts of my own background, which made me integrate and assimilate even more without compromising the Emirati values that my parents ingrained in me at home. Marginalising or discriminating against Emirati children for having a different type of family is absolutely counterproductive to creating a close-knit society. There does not exist a singular definition of an Emirati.

We need to eradicate the judgment that comes with this kind of thinking. I feel this behaviour in general is not only un-Emirati, but also un-Islamic. There is no room in Islam for racism or discrimination. Rituals such as Salah, for example, are live demonstrations of equality. There is no preference in lining up for Salah: no preference based on race, clan, wealth, or political status. We have to be more accepting and encouraging and celebrate our multiculturalism instead of fearing the mythical dilution of the “Emirati identity”.

With that said, I sincerely believe that the essence of identity, the core values, such as Islamic heritage, hospitality, generosity, respect, and the importance of family bonds are things that we can maintain and should focus on instead of issues such as “purity” of bloodlines. As part of the generation that grew up with JK Rowling’s Harry Potter, it lands too close to the idea of muggle-born versus purebloods. Anyone who has enjoyed the magical world knows that without Hermione, Harry and Ron would have never survived.

To me, being Emirati is not about how you speak or how you dress. It is not how perfect your Khaleeji accent is and it is definitely not the colour of your skin. Being Emirati to me is measured only in the love you have for this country. It is reflected in your desire to fight for this land or in your continuous striving to contribute positively to society.

Therefore, I believe if we want to preserve cultural and traditional values we need to share them openly and let people embrace them and make them their own. We should also keep in mind that societies and cultures are not fixed entities. They have transient natures and as such will probably shift and adapt as the times change. We need to have honest discussions about what the real fear is. Change might be scary but people do not fit into neatly constructed boxes and they shouldn’t have to.

We need to seriously consider giving equal opportunities to children of Emirati women who might have a foreign father. While steps have been taken, such as the 2011 presidential decree which grants children of Emirati women married to non-nationals the right to apply for citizenship after reaching the age of 18, this should be a given. Nobody should feel unwelcome by his or her motherland.

To me, preserving and spreading Emirati identity isn’t about making sure everyone conforms to a certain rigid idea. Rather, it was simply and perfectly embodied this week at the Qasr Al Hosn festival when my Egyptian friend explained to my Cambodian-American friend how to properly indicate that you are done with your Gahwa (Arabic coffee) by shaking your finyaal (cup).

Fatima Al Shamsi is a globe­trotting Emirati foodie, film buff and football fanatic

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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